Porsgrunn, Norway, 26 August 2022 - HydrogenPro AS (OSE-ticker: HYPRO) hereby
summons for an extraordinary general meeting (the "EGM") to be held in order to
convert the company from a private limited liability company (AS) to a public
limited liability company (ASA) in connection with the contemplated up-listing
to Oslo Stock Exchange's main list from Euronext Growth Oslo. Other items
required or deemed necessary to be resolved in connection with the contemplated
up-listing is also included in the proposed agenda.

The EGM will be held at Henrik Ibsens gate 100, 0255 Oslo, Norway at 10:00 CEST
on 5 September 2022, however with the possibility to attend online. Participants
attending online will not be able to cast votes digitally, and the Company
requests that voting proxies (appended hereto) are submitted in advance of the
EGM. The EGM notice, including the Board of Director's proposed resolutions for
the items listed on the agenda and appendices, is enclosed to this stock
exchange notice.

For more information, please contact:

Richard Espeseth, interim CEO, +47 958 43 007

Martin T. Holtet, CFO, +47 92 24 49 02, martin@hydrogen-pro.com

About HydrogenPro:

HydrogenPro designs and supplies customized hydrogen plants in cooperation with
global partners and suppliers, all ISO 9001, ISO 45001 and ISO 14001 certified.

The Company was founded in 2013 by individuals with background from the
electrolysis industry which was established in Telemark, Norway by Norsk Hydro
in 1927. We are an experienced engineering team of leading industry experts,
drawing upon unparalleled experience and expertise in the hydrogen and renewable
energy industry.

Our core product is the alkaline high-pressure electrolyser. With the new
electrode technology, we are able to increase the efficiency of each unit by 14%
to reach 93% of the theoretical maximum. This is a significant step forward as
the cost of electric power, depending on market prices, amounts to 70-90% of the
cost of producing hydrogen, the value of such increased efficiency equals
approximately the investment cost for the entire plant in a Total Cost of
Operation perspective. The Company is targeting a production cost for green
hydrogen of USD 1.2 per kg in 2022.

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